A certain South African-born, attention-seeking entrepreneur has brought media attention to a market for electric vehicles. We long-time industrial people are (or should be) familiar with a variety of electric vehicles that have been traversing aisles in manufacturing plants for decades.
My question to Keith Simon, CEO and founder of Waev, was what could possibly be new in this world of electric material handling equipment.
Waev was founded not even two years ago to bring together three businesses from Polaris. Skipping the gory details, Waev encompasses the businesses of GEM, Taylor-Dunn, and Tiger. The company encompasses the manufacture, distribution, marketing, and support of these product lines.
Simon told me that they are researching and incorporating a variety of advanced electrification and electrical architecture technologies. Advances come in a variety of ways from batteries to motors. Another advance includes communication and even visualization of routes and pick ups.
Located in Anaheim, CA, we are an electric mobility provider dedicated to solving the mobility market’s challenges with nimble innovation and comprehensive solutions. We proudly manufacture, distribute, market, and support the GEM, Taylor-Dunn, and Tiger brands. GEM is an established leader in the EV low-speed vehicle (LSV) space and has been for more than 20 years. Taylor-Dunn has a rich 70-year legacy of providing trusted industrial vehicles to the market. Tiger heavy-duty tow tractors have been towing cargo, baggage, parcel, and other equipment in ground support applications since 1981.
Electric vehicles represent one of today’s most dynamic and growing trends. EVs today go beyond moving people and goods from A to B—they’re the epicenter of one of the most impactful market segments in the history of mobility. EVs give us innovative new ways to think about all aspects of transportation—from convenience, to safety, to environmental impact. Consumers, businesses, and governments are changing their lifestyles, perceptions, priorities, and regulations when it comes to mobility and sustainability. The evolving industries we serve are presenting opportunities that we could not have imagined 10 years ago.
The low-speed vehicle market intrigues me. I had not read about it before. There are many applications I could think of.
Always cool to see start up companies doing something useful for society.
This announcement is a little old. I’m trying to catch up. The interesting thing is less the actual announcement than that larger companies have started venture investment arms. Google Ventures has been a boon to that company. We’ll see how they play out in our market segment.
Hexagon AB has assembled a number of pieces into a large industrial technology supplier. Think of its acquisition of PAS a while ago. This news concerns a 100 MUSD investment in Divergent Technologies Inc., a pioneer of green manufacturing technologies with the first modular digital factory for the automotive industry.
Divergent has developed an alternative production process to traditional vehicle manufacturing called DAPS (Divergent Adaptive Production System) that addresses economic and environmental challenges head-on. DAPS is a fully integrated software and hardware solution, creating a complete modular digital factory for complex structures. The patented process combines AI-optimised generative design software, additive manufacturing (3D printing) and automated assembly to build lightweight automotive parts and frames.
The design software optimises the weight, strength and cost of vehicle models. Parts are 3D printed and assembled autonomously, reducing manufacturing time and human intervention. Regardless of the design, part manufacturing and assembly can be carried out using the same hardware infrastructure, enabling quick design iterations or seamless switches between different vehicle models without downtime. The design-agnostic process is less energy- and resource-intensive, delivers more efficient structures faster and achieves weight reductions between 20% and 70% leading to dramatic improvements in vehicle efficiency.
Founded in 2014 and headquartered in Torrance, California, USA, Divergent transforms car manufacturers into agile, design-driven organisations free from capex constraints. A tier-one supplier, its proprietary end-to-end solution is widely applicable to any structure-based, discrete manufacturing process and has already proven to meet the most demanding automotive and aerospace applications.
Protected by more than 500 patents, Divergent’s digital, modular, flexible, and automated production solution produces significantly fewer lifecycle emissions than traditional manufacturing. The company not only leads the automotive industry in breaking down capital, geographic, and environmental barriers, but it also has its own portfolio of hypercars, Czinger Vehicles, which produces the fastest production vehicle in the world – the 21C.
I refrain from politics on this blog and other places notwithstanding that I was in the 99th percentile on the political science graduate record exam at university and came close to a graduate degree in that discipline before I escaped into common sense.
I also am not a booster of the US Chamber of Commerce. However, throwing all that aside, I have to report on this news from them regarding today’s political agenda in Congress (and elsewhere). Kudos to CEO Clark and the organization for taking a stand. I don’t agree with their entire agenda, but that’s OK. Ideas and debate are good. Let’s quit making points on social media and start doing things to make the country stronger and better.
U.S. Chamber President and CEO Suzanne P. Clark – in the annual State of American Business address – today urged government to reject partisan gridlock, pursue an actionable agenda to strengthen America, and give businesses the best opportunity to succeed.
“Business demands better from our government because when it comes to Washington, the state of American business is fed up,” said Clark. “The polarization, gridlock, regulatory overreach, and inability to act smartly and strategically for our future is making it harder for all of us to do our jobs and move this country forward.”
“We need a government that works. A government that rejects gridlock and chooses governing. A government that can partner with the private sector on our biggest challenges and can engage globally to advance America’s interests, and the world’s. A government that limits itself to the work only it can do — no more and no less.”
Agenda for American Strength
Clark called on Congress to begin work on an Agenda for American Strength that can “help us not only navigate the present moment but also steer our country to the brighter, stronger future that we expect — and future generations deserve.”
Clark outlined a forward-looking, aspirational agenda to strengthen our country in five key areas: building, people, energy, global leadership, and the rule of law. She stressed that progress can be made on national priorities immediately through practical, actionable steps, and highlighted the following key actions that Congress and the Administration should pursue this year:
Pass a permitting reform bill to deliver on the investment made in infrastructure;
Secure our nation’s border, protect Dreamers, and increase the number of employment-based visas;
Fix worker shortages by improving access to childcare and incentivizing work;
Accelerate permitting for new American energy exploration and production, finalize a legally required 5-year program for offshore leasing, and make it easier to build energy infrastructure;
Work in partnership with the private sector to achieve climate resilience through innovation;
Resume free and fair trade negotiations and pursue new deals;
Tackle head-on the challenges with China, while maximizing the benefits America can and must derive from continuing to do business with the world’s second largest economy in areas consistent with our national security and values;
End lawsuit abuse by going after litigation funders; and
Enact policy changes to help law enforcement and prosecutors make our communities safe and fight organized retail crime.
Equally important, Clark noted, is what government should stop doing: instituting a government-knows-best approach that burdens American businesses with overregulation and micromanages our economy.
Fighting Overregulation through the Courts
“The unprecedented regulatory overreach has accelerated over the past two years,” said Clark. “When I gave this speech last year, I pledged that if government didn’t stop getting in the way through overregulation, we would lead the fight to stop it. And that’s why the Chamber sued the FTC, the SEC, and the CFPB last year. And we won’t hesitate to do it again if that’s what’s needed to protect business interests, preserve innovation and competition, and position our economy for growth.”
“Our message to our partners in government today is very simple,” said Clark. “Do your jobs, so we can do ours. Make government work, so business can keep working … so companies of all sizes can keep doing the things that society needs, expects, and trusts us to do. America is a great and capable nation, and together, we can do the big thinking and take the smart steps to secure the future we deserve and strengthen this country that we all love.”
This news came to me via a UK company called McMenon Engineering Services. It concerns ABB, too. To quote from McMenon, “A UK manufacturing company’s growth plans have taken an exciting leap forward with the acquisition of a state-of-the-art product line from Europe.”
A range of Variable Area (VA) Flowmeters will now be manufactured in Workington, Cumbria, after McMenon Engineering Services Ltd was chosen by global technology company ABB to make the VA flowmeter product portfolio that had been produced by ABB in Germany.
Following the acquisition, McMenon, under a supply partnership agreement, will continue to supply VA meters carrying the ABB brand and the meters remain part of ABB’s product offering.
McMenon, a worldwide manufacturer and supplier of quality flow and temperature measurement instrumentation, and ABB have a long-standing partnership.
With this acquisition, McMenon, already a highly recognised name in the global flowmeter and temperature instrumentation market, will now be placed among the top global manufacturers of VA flowmeters. ABB customers will see no difference and can expect the same product quality they are used to.
ABI Reasearch sent the results of a couple of research studies last month. I’m still catching up on an unusual amount of news. One report is on the value of manufacturing to the world’s economy. The other relates to Cyberattack risks relative to the growth of Internet of Things (IoT) connections.
Cyberattack Risks to IP Rich Data Double as Manufacturing IoT Connections Grow at a CAGR of 53% by 2026
Intellectual Property (IP) theft, including industrial trade secrets, is one of the costliest security breaches costing the U.S. economy, which is between US$225 billion and US$600 billion annually. Most IP forms are stored as IP-rich data via digital mediums, including cloud platforms, servers, and laptops.
ABI Research, a global technology intelligence firm, forecasts that manufacturing Internet of Things (IoT) connections will increase by a CAGR of 53% globally, significantly expanding the vector of attack to obtain IP-rich data. While this is a potential opportunity for cybersecurity vendors, they must explicitly showcase that their usual IT/OT solutions can also help protect IP. Vendors that provide Identity and Access Management (IAM) or those providing encryption services contribute to IP security but need to emphasize that IP security is embedded in their solutions.
Protecting sensitive data is a primary strategy for protecting IP. Protecting data can be achieved by identifying, managing access, and encrypting sensitive data.
These findings are from ABI Research’s Industrial Data Security: Protecting Intellectual Property application analysis report. This report is part of the company’s Industrial Cybersecurity research service, which includes research, data, and analyst insights. Based on extensive primary interviews, Application Analysis reports present an in-depth analysis of key market trends and factors for a specific technology.
Industrial and Manufacturing Contributed US$16 Trillion Worth of Value to the Worldwide Economy in 2021
According to a new global technology intelligence firm ABI Research report, the world manufacturing value add rose by around 20% from 2020 to 2021 to reach more than US$16 trillion.
The largest manufacturing companies globally remain a mix of petroleum refining, mining, electronics, and automotive. However, nine out of the ten biggest factories in the world are automotive manufacturing plants, notably the Volkswagen Wolfsburg Plant, Hyundai’s Ulsan Factory, and Kia’s Hwaseong Plant. In fact, five of the top ten plants are Kia factories.
Despite this, the automotive market is not dominant in digital transformation expenditure. Interestingly, in the United States, out of the six CAPEX spends measured (machinery and equipment, computers and peripheral data processing equipment, software purchases, data processing, and other purchased computer services, communications services, and professional and technical services), the automotive industry was only the top spender for three of these.
The other three were dominated by the chemical manufacturing industry, where Dow, Exxon Mobile Chemical, and Dupont are some of the largest players. However, the largest difference in spend did belong to automotive, with its data processing and other computer services coming in 469% higher than the closest second spend.
These findings are from ABI Research’s 2022 Manufacturing Market Data report. This report is part of the company’s Industrial and Manufacturing Technologies research service, which includes research, data, and ABI Insights. Market Data spreadsheets are composed of deep data, market share analysis, and highly segmented, service-specific forecasts to provide detailed insight into where opportunities lie.
2023 is starting off with an acquisition news blizzard. OK, not that bad, but here is yet another piece of acquisition news.
The Phoenix Contact Group has acquired Canadian company iS5 Communications Inc., based in Mississauga, Ontario. The provider of industrial network products specializes in services and solutions for critical infrastructure networks.
Martin Müller, vice president of Phoenix Contact, says: “The expertise of iS5 Communications Inc. enables Phoenix Contact to take a leading position in the market for critical infrastructure networks and to further expand the business together.” Cybersecurity and data analysis play a strategically vital role in this field.
iS5 Communications was established in 2012 and currently employs more than 40 people who specialize in bringing IIoT and IT together and who have significant engineering expertise. Phoenix Contact invested in the company in 2018 through its venture capital company, Phoenix Contact Innovation Ventures, as part of its round of financing at the time. Building on this, product development and joint sales activities have already been initiated through the participation of Phoenix Contact USA Inc.
“We are really pleased that, with the Phoenix Contact Group, we have a strong global player on our side to further expand our business. Our existing cooperation in the fields of product and technology development will continue to grow as a result of the acquisition,” says Pino Porciello, chief executive officer at iS5 Communications Inc.